U.K. financial watchdog warns social media over "dodgy" ads that fuel fraud
The Hindu
The tech firms have said they are investing in fraud prevention and collaborating with the government and regulators.
Social media firms must do more to stop advertising "dodgy financial promotions" that fuel a surge in fraud or face action, Britain's Financial Conduct Authority said on Tuesday.
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"We are putting them on notice that we expect them to be involved in this process of protecting the community," the FCA's head of enforcement Mark Steward told the watchdog's annual meeting.
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